The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
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Mergers & Acquisitions
Arkay Beverages announces strategic alliance with Licor Zone Mexico
Spirits producer and operator Licor Zone Mexico has signed a memorandum of understanding to acquire a 10% equity stake in alcohol-free spirits group Arkay Beverages.
Sofina Foods buys Irish meat producer Finnebrogue
Finnebrogue, a Northern Ireland-based food manufacturer, has officially become part of Sofina Foods, a player in the food industry across Europe and Canada
General Mills completes sale of US yogurt business to Lactalis
The divestiture encompasses several well-known yogurt brands, including Yoplait, Go-Gurt, Oui, Mountain High and :ratio, along with manufacturing facilities located in Tennessee and Michigan.
Mars’ $36bn Kellanova deal clears FTC, but EU investigation looms
Mars' proposed acquisition of Kellanova has received a crucial endorsement from the US Federal Trade Commission, but now faces scrutiny from the European Commission.
Danone acquires gut health specialist The Akkermansia Company
Danone has acquired Belgian biotics firm The Akkermansia Company (TAC).
Arla and DMK Group merger approved by company boards
The decision-making boards at Arla Foods and DMK Group have voted in favour of the merger of the two companies, which was announced earlier this year.
Diageo India acquires Indian craft gin maker Nao Spirits for $15.2m
Diageo India (United Spirits Limited) has announced the acquisition of a majority controlling stake in Nao Spirits, the Indian craft distiller behind popular gin brands Greater Than and Hapusa.
Mars' $36bn Kellanova acquisition faces EU antitrust investigation – Reuters
According to reporting by Reuters, global snack giant Mars’ $36bn takeover bid for Kellanova is set to face a full-scale EU antitrust investigation which could require Mars to divest assets.
Bega Cheese seeks informal regulatory clearance for potential Fonterra Oceania acquisition
Australian dairy group Bega Cheese has confirmed it is seeking informal regulatory approval for its potential acquisition of Fonterra’s Oceania business.
Almarai signs agreement to acquire Pure Beverages in $277m deal
Saudi Arabian F&B group Almarai Company has signed an agreement to acquire water company Pure Beverages Industry Company in a deal valued at SAR 1.04 bn (approx. $277m).
JM Smucker navigates challenges following Hostess acquisition
The JM Smucker Company is grappling with operational and financial challenges as it integrates Hostess Brands, which it acquired in November 2023.
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